How Investors Are Reacting To Enbridge (TSX:ENB) Extending Its 31-Year Dividend Growth Streak

• Earlier this month, Enbridge Inc. announced that its Board of Directors approved a higher quarterly dividend of CA$0.97 per common share, payable on March 1, 2026 to shareholders of record on February 17, 2026, marking a 3% increase and the 31st consecutive year of dividend growth.
• At the same time, the company reaffirmed its income-focused profile by declaring a wide slate of preferred share dividends, underscoring management’s confidence in future distributable cash flow and its multi-decade commitment to returning cash to investors.
• We’ll now look at how Enbridge’s 3% dividend increase, and its long dividend growth streak, shape the company’s investment narrative.

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Enbridge Investment Narrative Recap

To own Enbridge, you need to believe its regulated and contracted energy infrastructure can keep funding a large, growing dividend despite regulatory and energy transition pressures. The 3% dividend hike reinforces management’s confidence in near term distributable cash flow, but it does not materially change the key short term swing factors: regulatory outcomes on pipelines and utilities, and the risk that high capital spending and leverage strain dividend coverage if conditions weaken.

Among recent updates, Enbridge’s guidance pointing to higher 2026 distributable cash flow and a sizeable CA$10,000,000,000 growth capital program is most relevant, because it underpins the latest dividend increase. That spending supports the core catalyst of long term contracted cash flows from pipelines, gas utilities and lower carbon projects, while also amplifying the existing risk that cost overruns, permitting delays or weaker returns could compress margins and pressure free cash flow.

Yet behind the appealing dividend track record, investors should be aware that rising capital intensity and leverage could eventually collide with...

Read the full narrative on Enbridge (it's free!)

Enbridge's narrative projects CA$58.9 billion revenue and CA$7.8 billion earnings by 2028.

Uncover how Enbridge's forecasts yield a CA$70.45 fair value, a 8% upside to its current price.

Exploring Other Perspectives

Seven members of the Simply Wall St Community currently value Enbridge between CA$60 and CA$245.38, reflecting a wide spread of expectations. You can weigh these against the income focused catalyst of ongoing dividend growth that depends on stable regulatory outcomes and disciplined capital spending.

Explore 7 other fair value estimates on Enbridge - why the stock might be worth over 3x more than the current price!

Build Your Own Enbridge Narrative

Disagree with existing narratives? Create your own in under 3 minutes - extraordinary investment returns rarely come from following the herd.

• A great starting point for your Enbridge research is our analysis highlighting 2 key rewards and 4 important warning signs that could impact your investment decision.
• Our free Enbridge research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate Enbridge's overall financial health at a glance.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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